Disney gets it first female board chair in 98 years

It’s an entire new world for the Walt Disney Firm’s board of administrators.

Susan Arnold will substitute Bob Iger, in accordance with the Burbank, California-based leisure large. When she assumes the position on December 31, she is going to change into the first lady to chair Disney’s board in the corporate’s 98-year historical past. Right here’s what else it is best to find out about her:

  • Arnold served as a Disney board member for 14 years and as unbiased lead director for 3. In an announcement, Iger mentioned, “Susan is an extremely esteemed government whose wealth of expertise, unwavering integrity, and skilled judgment have been invaluable to the Firm since she first joined the Board in 2007. Susan is the right selection for Chairman of the Board, and I’m assured the Firm is well-positioned for continued success beneath her steering and management. It has been a definite honor to work with Susan and our many different gifted administrators, and I’m extremely grateful for the help and clever counsel they’ve offered throughout my tenure.”
  • Her enterprise bona fides are ample. For instance, she served as working government of the fairness funding agency The Carlyle Group from 2013 to this 12 months. She additionally was Procter & Gamble‘s president of worldwide enterprise items 2002-2009 and earlier than that held varied different roles at P&G.
  • Arnold is aware of about boards. There may be her work on Disney’s, in fact. “As I step into this new position as Chairman of the Board, I stay up for persevering with to serve the long-term pursuits of Disney‘s shareholders and dealing carefully with CEO Bob Chapek as he builds upon the Firm’s century-long legacy of artistic excellence and innovation,” she mentioned in a written assertion yesterday. She was additionally a director of McDonald’s Corp. from 2008-2016, and of NBTY, Inc. 2013-2017.
  • She’s been included on the Wall Avenue Journal‘s 50 Ladies to Watch and Fortune‘s 50 Most Highly effective Ladies in Enterprise lists.
  • Arnold acquired her bachelor’s diploma from the College of Pennsylvania and her MBA from the College of Pittsburgh.
  • She’s 67 years previous and was born in Pittsburgh.
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